India, June 8 -- Once considered an affordable haven for India's aspiring middle class, Hyderabad's real estate market is now pricing out even well-paid tech professionals. Skyrocketing property prices, growing family responsibilities, and intense societal pressure to own a home, especially to improve marriage prospects, are leaving many young men with limited options.
This is because there is a glaring disconnect between available inventory and what middle-income buyers can realistically afford. Even non-branded apartments located 40 minutes from Hitech City are now priced at Rs.1.2-1.5 crore. At these levels, homeownership isn't just unaffordable, it's becoming unsustainable, say Redditors.
For some, the pressure to own property has h...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.